According to Benzinga’s report, Former President Donald Trump has uploaded over 1000 ETH tokens worth around $2.4 million from his NFT project over the past few weeks. This discovery was revealed by Arkham Intelligence.
The lucrative crypto haul stems from Trump’s NFT trading card collection that depicted the former president in various heroic poses and scenes. Launched in late 2022 by NFT International, the 45,000 digital collectibles sold for $99 each and racked up over $4.5 million in trading volume to date.
The NFTs, which currently floor at over $650 per token, granted him royalties in the form of Ethereum. He accumulated a massive 1,075 ETH stack before offloading it to Coinbase in late 2023 when the market price hovered around $2,200 per coin.
Had he held onto his position for just a couple more months, Trump could have pocketed an additional half a million dollars. Ethereum has surged over 10% already in 2024 amid anticipation of upgrades to the blockchain and potential spot ETF approval.
The former president doubled down on the NFT craze last year with another set of trading cards derived from his infamous mugshot. Those $99 NFTs offered holders exclusive rewards like pieces of Trump’s suit worn during the booking photo.
As the 2024 election cycle heats up, all eyes are on whether Trump will cash out any remaining Ethereum from his NFT empire to fund his campaign.
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